The following information was drawn from the year-end balance sheets of White,Inc. The amount of net income shown on the 2014 Year 2 income statement was $17,500.There was no beginning or ending balance in the Dividends Payable account.What is the amount of cash outflows for dividends?
A) $7,500
B) $25,000
C) $17,500
D) $10,000
Correct Answer:
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